SOLD
Sold on 05 Oct 2023 for $162,000

80 Cambridge Street
Mitchell QLD 4465

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 501m2
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Property Details for 80 Cambridge St, Mitchell

Building Type
Commercial
Land Size
501m2
Local Government
Maranoa Regional
Lot/Plan
1/RP4192

Last Listing description (October 2023)

Dramatic Price Reduction - Freehold & Business offered for sale on a Walk In Walk Out Basis.
Mitchell Bakery is located in a prime position in the main street, being a core business in the town of Mitchell. The main street is part of the busy A2 Warrego highway that commences in Brisbane and heads west to Mitchell then onto Charleville out to Birdsville or travelling north to Darwin.
The Current Owners have operated the business for over 16 years and are ready to hand it on. After working in the business prior to buying, they saw the opportunities ahead and purchased the bakery. Having raised their family and achieving many awards for their products, they are ready for the next chapter in their lives. The new owners only need to have a desire of running their own business and being your own boss. All training is on the Job.

Mitchell is a must visit town for tourists who flock to the Great Artesian Spa located within walking distance to the Bakery. Tourists travel long distances to soak in the natural mineralised water for therapeutic benefits.
Mitchell is located 87 kilometres west of the regional centre of Roma, or 427 kilometres west of Toowoomba, on the Warrego Highway.
Mitchell Bakery website:https://mitchellbakery-forsale.com.au/
Full list of Inventory in the Memorandum.
Full Further Details & Information Memorandum Contact:
Daven Vohland on 0419 944 901

Property History for 80 Cambridge St, Mitchell, QLD 4465

A timeline of how this property has performed in the market
Last Sold
$162,000
05 Oct 2023
  • 05 Oct 2023
    Sold for $162,000
  • 04 Oct 2022
    Listed for Sale UNDER CONTRACT
  • 06 Jan 2014
    Listed for Sale Not Disclosed
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About Mitchell 4465

The size of Mitchell is approximately 602.6 square kilometres. It has 5 parks covering nearly 2.6% of total area. The population of Mitchell in 2011 was 1,310 people. By 2016 the population was 1,042 showing a population decline of 20.5% in the area during that time. The predominant age group in Mitchell is 0-9 years. Households in Mitchell are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mitchell work in a managers occupation. In 2011, 68.4% of the homes in Mitchell were owner-occupied compared with 71.2% in 2016.

Mitchell has 715 properties. Over the last 5 years, Houses in Mitchell have seen a 73.45% increase in median value. As at 31 July 2024:

  • The median value for Houses in Mitchell is $144,513 while the median value for Units is $231,012.
  • Houses have a median rent of $170.
There are currently 19 properties listed for sale, and 1 property listed for rent in Mitchell on OnTheHouse. According to CoreLogic's data, 23 properties were sold in the past 12 months in Mitchell.

Suburb Insights for Mitchell 4465

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.